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Friday, February 11, 2011

Edgar still wants EMI

GLUTTON FOR PUNISHMENT: Rather than cashing out, Edgar Bronfman Jr. wants to buy EMI's recorded music business even if a bid for EMP doesn't pan out, Atkinson contnues, seconding the point I.B. Bad has been making for months. Bronfman's ambitions to dive deeper into the recorded music business comes on the heels of a chilling prediction from BTIG analyst (and longtime WMG critic) Rich Greenfield: "We suspect that calendar Q2 or Q3 will see digital music units fall for the first time ever." Greenfield reiterated his “sell rating on Warner stock. (2/11a)

 
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